A Coach House is a Practical Home!
As summer warms up we’ve been busy building a coach house for a local family here in the Fraser Valley. The trusses have been installed and we are working on framing while the sun shines! This coach house is designed to be both energy efficient and practical for our clients. We are excited to see the finished product and we know they are too!
There are a number of good reasons to consider building a coach house on your property. Of course, you do need to ensure the zoning in your local municipality will permit this on the size of property you own. A call to city hall should provide you with the answer.
Here are a few reasons to consider building a coach house on your land:
- A coach house, also known as a carriage house, will increase your property value.
While it is an expense up front, additional living space will make your property more valuable down the road when you are thinking of selling.
- Keep your family close together
Aging parents or adult children who can’t afford to leave just yet. A private suite in the backyard keeps family close to home.
- Monthly income
Renting out a coach house can bring in valuable residual income, especially now with the cost of rent being as high as it is. You may find the monthly payments to finance a coach house could be a lot lower than the rental income you can bring in.
Is a Coach House in my budget?
One of the first questions we are usually asked by prospective clients who wish to build a coach house is regarding cost. As you can imagine, coach houses vary in a big way when it comes to size and finishes. There is no set “per square foot” cost when it comes to building anything custom these days. The best way to begin determining the cost is to sit down with a builder you trust and share your thoughts on what you want. An initial meeting should confirm whether what you hope to build is within your budget.
As zoning and bylaws change it’s becoming more common for families to keep the property they own and build a coach house to accommodate changing family needs. Contact us today if you are considering a coach house on your property!